THE WEEK AHEAD
COMPANY NEWS
● London headquartered conference organiser ITE Group will announce its preliminary earnings for 2011 tomorrow.
● Britvic will announce its preliminary earnings results on Wednesday. The Chelmsford-based soft drinks manufacturer will be hoping that its earnings have a bit of fizz.
● Marston’s Brewery is also set to announce its full-year results on Wednesday. Marston’s owns more than 2,000 pubs in the UK and is the world’s largest brewer of cask ale. Good results will mean doubles all round.
ECONOMICS
● The European Monetary Union will announce its M3 money supply today. This is the European Central Bank’s most comprehensive measure of money supply growth. The last released M3 year-on-year rate was 2.3 per cent.
● Tomorrow, George Osborne will address parliament to give his Autumn Statement. With nothing left in the bank it is unlikely that the Chancellor will have any gifts to offer taxpayers.
● Thursday will see the release of manufacturing PMI figures. Last month’s figure fell from 50.8 to 47.4, the lowest reading in 28 months.
POLITICAL NEWS
● Fast moving climate secretary Chris Huhne plans to begin developing a global treaty at this week’s UN climate summit. With a goal of finalising the treaty, he’ll have to put his foot down if he’s to speed up progress to reach emissions targets by 2020. Luckily, thanks to carbon trading, these points are exchangeable.
● At a one-day summit in Washington DC, President Barack Obama will offer his expert advice on proactive debt reduction to European Council President Herman Van Rompuy and President of the European Commission Jose Manuel Barroso.
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